News articles about Southern Copper Corporation (NYSE:SCCO) have trended somewhat positive this week, according to AlphaOne. AlphaOne, a unit of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southern Copper Corporation earned a media sentiment score of 0.01 on AlphaOne’s scale. AlphaOne also gave media stories about the basic materials company an impact score of 79 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Alpha One Sentiment Analysis’s analysis:
- Southern Copper Corporation (SCCO) Price Target Cut to $42.00 by Analysts at FBR & Co (americanbankingnews.com)
- Reaffirmed: Southern Copper (NYSE:SCCO) “Outperform” Rating Maintained by FBR Capital; $42.00 Target in Place – WeeklyHub (weeklyhub.com)
- Mid-Year Review: What Could Drive Copper Miners in 2H17 (finance.yahoo.com)
- Noteworthy Wednesday Option Activity: STRP, ALXN, SCCO (marketnewsvideo.com)
- Noteworthy Wednesday Option Activity: STRP, ALXN, SCCO – Nasdaq (nasdaq.com)
SCCO has been the subject of a number of research reports. FBR & Co boosted their price target on shares of Southern Copper Corporation from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 14th. Cowen and Company reissued a “hold” rating on shares of Southern Copper Corporation in a research note on Tuesday, April 11th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.75.
Southern Copper Corporation (NYSE:SCCO) traded up 0.26% during trading on Friday, reaching $34.44. 888,639 shares of the company’s stock were exchanged. Southern Copper Corporation has a 12-month low of $24.90 and a 12-month high of $39.50. The stock’s 50-day moving average is $34.75 and its 200-day moving average is $35.38. The company has a market cap of $26.62 billion, a P/E ratio of 29.41 and a beta of 0.58.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, May 15th. Southern Copper Corporation’s dividend payout ratio (DPR) is presently 40.68%.
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Southern Copper Corporation Company Profile
Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.
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